VanEck Natural Resources ETF (NYSEARCA:HAP) Short Interest Update

VanEck Natural Resources ETF (NYSEARCA:HAP) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 16,170 shares, an increase of 140.3% from the June 30th total of 6,728 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 59,688 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Natural Resources ETF Trading Down 0.6%

VanEck Natural Resources ETF stock opened at $70.85 on Tuesday. The firm has a market capitalization of $301.11 million, a price-to-earnings ratio of 16.60 and a beta of 0.65. VanEck Natural Resources ETF has a 1-year low of $51.98 and a 1-year high of $74.63. The firm has a 50 day simple moving average of $70.37 and a 200 day simple moving average of $70.57.

Institutional Investors Weigh In On VanEck Natural Resources ETF

Several hedge funds have recently added to or reduced their stakes in HAP. IFP Advisors Inc bought a new stake in VanEck Natural Resources ETF in the fourth quarter worth $32,000. PNC Financial Services Group Inc. bought a new stake in shares of VanEck Natural Resources ETF in the 4th quarter valued at about $42,000. Ascentis Independent Advisors bought a new stake in shares of VanEck Natural Resources ETF in the 1st quarter valued at about $101,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in VanEck Natural Resources ETF during the 4th quarter valued at about $90,000. Finally, Arax Advisory Partners purchased a new stake in VanEck Natural Resources ETF during the 4th quarter valued at about $97,000.

About VanEck Natural Resources ETF

The VanEck Natural Resources ETF (HAP) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a consumption-based index of global hard asset firms. HAP was launched on Aug 29, 2008 and is managed by VanEck.